Mycotopia Therapies (TPIA) 10-Q 19 Aug 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2020	Aug. 19, 2020
Details
Registrant CIK	0001763329
Fiscal Year End	--12-31
Registrant Name	20/20 GLOBAL, INC.
SEC Form	10-Q
Period End date	Jun. 30, 2020
Tax Identification Number (TIN)	87-0645794
Number of common stock shares outstanding		12,925,420
Filer Category	Non-accelerated Filer
Current with reporting	Yes
Interactive Data Current	Yes
Shell Company	true
Small Business	true
Emerging Growth Company	false
Document Quarterly Report	true
Entity File Number	000-56022
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	480 22nd Street, Box 2
Entity Address, City or Town	Heyburn
Entity Address, State or Province	ID
Entity Address, Postal Zip Code	83336
Country Region	208
City Area Code	677
Local Phone Number	2020
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Document Transition Report	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash in bank	$ 194	$ 209,164
Prepaid expenses	2,511	7,606
Other deposits and receivables	45,778	50,100
Note receivable	0	1,000
Assets of discontinued operations	500,000	946,715
Total current assets	548,483	1,214,585
Property, plant and equipment, net	0	548
TOTAL ASSETS	548,483	1,215,133
Current liabilities:
Accounts payable	10,798	0
Accrued liabilities	0	55,967
Liabilities of discontinued operations	0	507,263
Total current liabilities	10,798	563,230
TOTAL LIABILITIES	10,798	563,230
STOCKHOLDERS' EQUITY
Preferred stock, $0.001 par value; 5,000,000 shares authorized and no shares issued or outstanding	0	0
Common stock, $0.001 par value; 100,000,000 shares authorized; 12,425,420 shares issued and outstanding	12,425	12,425
Additional paid-in capital	26,246	26,246
Retained earnings	499,014	613,232
TOTAL STOCKHOLDERS' EQUITY	537,685	651,903
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 548,483	$ 1,215,133

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets - Parenthetical - $ / shares	Jun. 30, 2020	Dec. 31, 2019
Details
Preferred Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	5,000,000	5,000,000
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	100,000,000	100,000,000
Common Stock, Shares, Issued	12,425,420	12,425,420
Common Stock, Shares, Outstanding	12,425,420	12,425,420

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Operating Expenses:
General and administration expenses	$ 37,593	$ 13,261	$ 60,057	$ 23,549
Salaries and wages	0	13,025	1,378	43,599
Total operating expenses	37,593	26,286	61,435	67,148
Loss from operations	(37,593)	(26,286)	(61,435)	(67,148)
Other Income:
Interest income	314	4,703	1,863	8,471
Total other income	314	4,703	1,863	8,471
Net loss before provision for income tax	(37,279)	(21,583)	(59,572)	(58,677)
Provision for income tax expense	0	0	0	0
Net loss from continuing operations	(37,279)	(21,583)	(59,572)	(58,677)
Net (loss) income from discontinued operations before provision for income tax	(34,321)	60,920	(54,646)	112,470
Provision for income tax expense from discontinued operations	0	0	0	0
Net (loss) income from discontinued operations	(34,321)	60,920	(54,646)	112,470
Net (loss) income	$ (71,600)	$ 39,337	$ (114,218)	$ 53,793
Basic and fully diluted earnings per share from continuing operations	$ 0	$ 0	$ 0	$ 0
Basic and fully diluted (loss) earnings per share from discontinued operations	0	0	0	0
Basic and fully diluted (loss) earnings per share	$ (0.01)	$ 0	$ (0.01)	$ 0
Weighted average shares outstanding-basic and diluted	12,425,420	12,425,420	12,425,420	12,425,420

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($)	Preferred Stock	Common Stock	Additional Paid-in Capital	Retained Earnings	Total
Stockholders' Equity Attributable to Parent, Beginning Balance at Dec. 31, 2018	$ 0	$ 12,425	$ 26,246	$ 608,429	$ 647,100
Shares, Outstanding, Beginning Balance at Dec. 31, 2018		12,425,420
Net (loss) income	0	$ 0	0	14,456	14,456
Stockholders' Equity Attributable to Parent, Ending Balance at Mar. 31, 2019	0	$ 12,425	26,246	622,885	661,556
Shares, Outstanding, Ending Balance at Mar. 31, 2019		12,425,420
Stockholders' Equity Attributable to Parent, Beginning Balance at Dec. 31, 2018	0	$ 12,425	26,246	608,429	647,100
Shares, Outstanding, Beginning Balance at Dec. 31, 2018		12,425,420
Net (loss) income					53,793
Stockholders' Equity Attributable to Parent, Ending Balance at Jun. 30, 2019	0	$ 12,425	26,246	662,222	700,893
Shares, Outstanding, Ending Balance at Jun. 30, 2019		12,425,420
Stockholders' Equity Attributable to Parent, Beginning Balance at Mar. 31, 2019	0	$ 12,425	26,246	622,885	661,556
Shares, Outstanding, Beginning Balance at Mar. 31, 2019		12,425,420
Net (loss) income	0	$ 0	0	39,337	39,337
Stockholders' Equity Attributable to Parent, Ending Balance at Jun. 30, 2019	0	$ 12,425	26,246	662,222	700,893
Shares, Outstanding, Ending Balance at Jun. 30, 2019		12,425,420
Stockholders' Equity Attributable to Parent, Beginning Balance at Dec. 31, 2019	0	$ 12,425	26,246	613,232	651,903
Shares, Outstanding, Beginning Balance at Dec. 31, 2019		12,425,420
Net (loss) income	0	$ 0	0	(42,618)	(42,618)
Stockholders' Equity Attributable to Parent, Ending Balance at Mar. 31, 2020	0	$ 12,425	26,246	570,614	609,285
Shares, Outstanding, Ending Balance at Mar. 31, 2020		12,425,420
Stockholders' Equity Attributable to Parent, Beginning Balance at Dec. 31, 2019	0	$ 12,425	26,246	613,232	651,903
Shares, Outstanding, Beginning Balance at Dec. 31, 2019		12,425,420
Net (loss) income					(114,218)
Stockholders' Equity Attributable to Parent, Ending Balance at Jun. 30, 2020	0	$ 12,425	26,246	499,014	537,685
Shares, Outstanding, Ending Balance at Jun. 30, 2020		12,425,420
Stockholders' Equity Attributable to Parent, Beginning Balance at Mar. 31, 2020	0	$ 12,425	26,246	570,614	609,285
Shares, Outstanding, Beginning Balance at Mar. 31, 2020		12,425,420
Net (loss) income	0	$ 0	0	(71,600)	(71,600)
Stockholders' Equity Attributable to Parent, Ending Balance at Jun. 30, 2020	$ 0	$ 12,425	$ 26,246	$ 499,014	$ 537,685
Shares, Outstanding, Ending Balance at Jun. 30, 2020		12,425,420

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities:
Net loss from continuing operations	$ (59,572)	$ (58,677)
Less net (income) loss from discontinued operations	(54,646)	112,470
Depreciation expense	548	323
Change in assets and liabilities:
Prepaid expenses, deposits, and other receivables	9,417	6,799
Accounts payable and accrued liabilities	(45,167)	(46,672)
Operating cash flow from discontinued operations	(60,550)	17,483
Net cash (used in) provided by operating activities	(209,970)	31,726
Cash flows from investing activities:
Issuance of note receivable	0	(4,500)
Payments on note receivable	1,000	1,000
Net cash provided by (used in) investing activities	1,000	(3,500)
Net (decrease) increase in cash	(208,970)	28,226
Cash of continuing operations at beginning of period	209,164	0
Cash of discontinued operations at beginning of period	500,000	611,497
Cash at end of period	500,194	639,723
Less: cash of discontinued operations	(500,000)	(500,000)
Cash of continuing operations	194	139,723
Supplemental cash flow information:
Cash paid for interest	0	0
Cash paid for income taxes	0	21,419
Schedule of noncash investing and financing activities:
Establish operating lease right of use asset and related liability	$ 0	$ 16,199

NOTE 1 - ORGANIZATION AND DESCR

NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS	6 Months Ended
	Jun. 30, 2020
Notes
NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS	NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS We were incorporated in Nevada on January 21, 2000, under the name RM Investors, Inc. On March 15, 2014, under the terms of an Exchange Agreement and Plan of Reorganization, we acquired 100% of the issued and outstanding shares of our subsidiary 20/20 Produce Sales, Inc., an Idaho corporation that was incorporated on December 22, 1994. Our business operations are conducted through our wholly owned subsidiary. In connection with this reorganization, we obtained a new CUSIP number for our common stock, FINRA approval of our name change from RM Investors, Inc. to 20/20 Global, Inc. and a new trading symbol for our shares on the OTC market place, and effected a 2-for-1 forward split of the then issued and outstanding shares of our common stock. We were a distributor of fresh produce with a tradition of service for the past 20 years, shipping fresh produce via refrigerated semi-trucks from manufacturing facilities to wholesalers from 10 separate geographical locations in Idaho, Washington, California, New Mexico, and Texas. Based on the loss of business generated through our license agreement with Markon Cooperative, Inc., we discontinued our fresh produce distribution business and closed our facilities at the end of 2019. We are pursuing other business opportunities and believe that we may find another business opportunity, or another active business may be interested in acquiring us. Our accompanying unaudited condensed consolidated financial statements have been prepared assuming that we will continue as a going concern. However, we have recently been forced to discontinue our only revenue stream, which raises substantial doubt about our ability to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

NOTE 2 - SUMMARY OF SIGNIFICANT

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2020
Notes
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). These unaudited condensed consolidated financial statements should be read in conjunction with the audited financial statements and footnotes for the year ended December 31, 2019. The results of the six months ended June 30, 2020, are not necessarily indicative of the results to be expected for the full year ending December 31, 2020. In the opinion of management, all adjustments necessary to present fairly the financial position as of June 30, 2020, and the results of operations and cash flows presented herein have been included in the financial statements. All such adjustments are of a normal and recurring nature. Interim results are not necessarily indicative of results of operations for the full year. Basis of Consolidation The accompanying unaudited condensed consolidated financial statements include the accounts of 20/20 Global, Inc. and our wholly owned subsidiary. All significant intercompany balances and transactions have been eliminated in these consolidated financial statements. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. Our financial statements include, when applicable, disclosures of estimates, assumptions, uncertainties, and markets that could affect our financial statements and future operations. Cash and Cash Equivalents We consider all highly liquid investments with original maturities of less than three months that are readily convertible to known amounts of cash and which, in the opinion of management, are subject to an insignificant risk of loss in value, to be cash equivalents. Accounts Receivable and Doubtful Accounts Accounts receivable is stated at invoice value, which is net of any off-invoice promotions. A provision for doubtful accounts is recorded and based upon an assessment of credit risk within the accounts receivable portfolio, experience of delinquencies and charge-offs, and current market conditions. Management believes these provisions are adequate based upon the relevant information presently available. The allowance provided for the six months ended June 30, 2020, and for the year ended December 31, 2019, was $0 and $0, respectively. The write-offs for the three and six months ended June 30, 2020 and 2019, were $0 and $0, respectively. Revenue Recognition We recognize revenue in accordance with Financial Accounting Standards Board (“FASB”), Accounting Standards Codification (“ASC”) Topic 606, Revenue from Contracts with Customers We only apply the five-step model to contracts when it is probable that we will collect the consideration to which we are entitled in exchange for the goods or services we transfer to our customer. Once a contract is determined to be within the scope of ASC Topic 606, at contract inception we review the contract to determine which performance obligations we must deliver and which of these performance obligations are distinct. We recognize as revenues the amount of the transaction price that is allocated to the respective performance obligation when the performance obligation is satisfied or as it is satisfied. Generally, our performance obligations are transferred to customers at a point in time, typically upon delivery. Our shipping terms typically specify FOB origination, at which time title and risk of loss have passed on to the customer as well as shipping and handling fees. Shipping and handling costs and fees are treated as a delivered load. On a delivered load versus an FOB load, we actually take the billing and pay the carriers. We contract with the carrier and, therefore, handle the shipping and handling charges and treat it as a “delivered sale.” For the three and six months ended June 30, 2020 and 2019, all sales and accounts receivable have been reclassified to discontinued operations. Recent Accounting Pronouncements We have reviewed recently issued accounting pronouncements and plan to adopt those that are applicable to us. We do not expect the adoption of any pronouncements to have an impact on our results of operations or financial position.

NOTE 3 - GOING CONCERN

NOTE 3 - GOING CONCERN	6 Months Ended
	Jun. 30, 2020
Notes
NOTE 3 - GOING CONCERN	NOTE 3 – GOING CONCERN The accompanying unaudited condensed consolidated financial statements have been prepared on the assumption that we will continue as a going concern. As discussed in Note 1, we discontinued our produce distribution business in December 2019. We had a net loss of loss of $59,572 from continuing operations for the six months ended June 30, 2020. These factors raise substantial doubt about our ability to continue as a going concern. Our ability to continue our operations as a going concern is dependent on management’s plans, which include finding another business opportunity or another active business that may be interested in acquiring us, during the next 12 months. These interim financial statements do not include any adjustments that may result from the outcome of this uncertainty.

NOTE 4 - RELATED-PARTY TRANSACT

NOTE 4 - RELATED-PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2020
Notes
NOTE 4 - RELATED-PARTY TRANSACTIONS	NOTE 4 – RELATED-PARTY TRANSACTIONS We lease our office from Whistling Pete Enterprises, d/b/a Legacy Center, an Idaho limited liability company. The lease, which commenced on March 2, 2009, presently is a year to year lease, and we currently pay $1,200 per month plus utilities. Whistling Pete Enterprises is owned 50% by Mark Williams, our president. Total lease payments were $7,438 and $8,139 during the six months ended June 30, 2020 and 2019, respectively.

NOTE 5 - EMPLOYER IRA PLAN

NOTE 5 - EMPLOYER IRA PLAN	6 Months Ended
	Jun. 30, 2020
Notes
NOTE 5 - EMPLOYER IRA PLAN	NOTE 5 – EMPLOYER IRA PLAN In August 2014, we adopted a Premier Select Simple IRA Plan, which covers all eligible employees who choose to participate. We contribute 2% of compensation, not to exceed certain limits, for employees who participate in the IRA Plan. During the six months ended June 30, 2020 and 2019, we contributed $0 and $2,704, respectively, to the IRA Plan.

NOTE 6 - LEGAL PROCEEDING

NOTE 6 - LEGAL PROCEEDING	6 Months Ended
	Jun. 30, 2020
Notes
NOTE 6 - LEGAL PROCEEDING	NOTE 6 – LEGAL PROCEEDING On June 27, 2019, we were served with Petitioner’s Motion to Join 20/20 Global as a Necessary Third-Party Respondent to the Present Action, and to Enforce the Judgment Entered October 9, 2018, by Ordering 20/20 Global, Inc., to Turn Over Marital Securities Earned by Respondent and Awarded to Petitioner and a Subpoena for Deposition (Records only) in the matter of In re the Marriage of Penni Gruenberg v. Myron Gruenberg, Case No. 17 D 3662, pending in the Circuit Court of Cook County, Illinois. Petitioner sought return of the shares originally represented by certificates nos. 539 and 540, which were returned by Mr. Gruenberg and cancelled by us after termination of our agreement with him for his failure to perform under the Master Services Agreement. We did not believe Mr. Gruenberg is entitled to the shares and, therefore, they could not be awarded to his spouse in litigation and vigorously defended this position. On March 6, 2020, an agreed order was entered whereby Penni Gruenberg voluntarily withdrew her petition in accordance with the terms of the settlement agreement dated March 4, 2020. Per the terms of the settlement, we accrued $40,000 as of December 31, 2019. We paid the $40,000 to Ms. Gruenberg during the six months ended June 30, 2020.

NOTE 7 - DISCONTINUED OPERATION

NOTE 7 - DISCONTINUED OPERATIONS	6 Months Ended
	Jun. 30, 2020
Notes
NOTE 7 - DISCONTINUED OPERATIONS	NOTE 7 – DISCONTINUED OPERATIONS On July 1, 2019, Performance Food Group Company (“PFG”) announced that it entered into a definitive agreement to acquire Reinhart Foodservice, LLC (“Reinhart”) from Reyes Holdings, LLC. Reinhart was a principal purchaser of our fresh produce distribution business. On December 20, 2019, PFG received approval from the Federal Trade Commission to acquire Reinhart and closed the transaction on December 30, 2019. Most of our business through our License Agreement with Markon Cooperative was purchased by Reinhart. Although our Markon License Agreement had not been terminated, PFG notified us that it would use its existing suppliers, which did not include us. Since this agreement that generated over half of our existing business was effectively terminated, we decided to discontinue our fresh produce distribution business, and we notified all of our vendors and suppliers that we would not conduct new business with them after December 27, 2019. In accordance with the provisions of ASC 205-20, Presentation of Financial Statements June 30, 2020 December 31, 2019 Current Assets of Discontinued Operations: Cash $ 500,000 $ 500,000 Accounts receivable - 446,715 Total Current Assets of Discontinued Operations: $ 500,000 $ 946,715 Current Liabilities of Discontinued Operations: Accounts payable $ - $ 489,863 Accrual - 17,400 Total Current Liabilities of Discontinued Operations: $ - $ 507,263 In accordance with the provisions of ASC 205-20, we have not included the results of operations from discontinued operations in the results of continuing operations in the consolidated statements of operations. The results of operations from discontinued operations for the three and six months ended June 30, 2020 and 2019, have been reflected as discontinued operations in the consolidated statements of operations for the three and six months ended June 30, 2020 and 2019, and consist of the following: For the Three Months For the Six Months Ended June 30, Ended June 30, 2020 2019 2020 2019 Revenues of discontinued operations $ (36) $ 3,907,731 $ (1,417) $ 6,855,127 Cost of revenues of discontinued operations 36 3,744,773 243 6,523,688 Gross profit of discontinued operations - 162,958 (1,174) 331,439 Operating expenses of discontinued operations: General and administration expenses (5,408) 41,154 2,447 79,528 Business development - 20,134 - 41,526 Salaries and wages 24,246 58,986 47,181 104,855 Sales/marketing expense - 4,842 - 17,687 Total operating expenses of discontinued operations 18,838 125,116 49,628 243,596 Operating (loss) income from discontinued operations (18,838) 37,842 (50,802) 87,843 Other income of discontinued operations: Other (expense) income (15,483) 23,078 (3,844) 24,627 Net (loss) income from discontinued operations before provision for income tax (34,321) 60,920 (54,646) 112,470 Provision for income tax expense from discontinued operations - - - - Net (loss) income from discontinued operations $ (34,321) $ 60,920 $ (54,646) $ 112,470 In accordance with the provisions of ASC 205-20, we have included the net cash provided by discontinued operations in the consolidated statements of cash flows. The net cash provided by discontinued operations in the consolidated statements of cash flows for the six months ended June 30, 2020 and 2019, consists of the following: For the Six Months Ended June 30, 2020 2019 Net (loss) income from discontinued operations, net of tax $ (54,646) $ 112,470 Changes in assets and liabilities: Accounts receivable 446,715 (619,391) Inventory - 3,712 Accounts payable and accrued liabilities (507,675) 633,162 Net cash provided by discontinued operations $ (115,196) $ 129,953

NOTE 8 - SUBSEQUENT EVENTS

NOTE 8 - SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2020
Notes
NOTE 8 - SUBSEQUENT EVENTS	NOTE 8 – SUBSEQUENT EVENTS Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855, from the balance sheet date through the date the financial statements were issued, and has determined that no material subsequent events exist, other than the following: On July 28, 2020, our board of directors authorized the issuance of 500,000 shares of our common stock to our chief executive officer and president, Mark D. Williams, for his services rendered in connection with winding down our business operations.

NOTE 2 - SUMMARY OF SIGNIFICA_2

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2020
Policies
Basis of Presentation	Basis of Presentation The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). These unaudited condensed consolidated financial statements should be read in conjunction with the audited financial statements and footnotes for the year ended December 31, 2019. The results of the six months ended June 30, 2020, are not necessarily indicative of the results to be expected for the full year ending December 31, 2020. In the opinion of management, all adjustments necessary to present fairly the financial position as of June 30, 2020, and the results of operations and cash flows presented herein have been included in the financial statements. All such adjustments are of a normal and recurring nature. Interim results are not necessarily indicative of results of operations for the full year.

NOTE 2 - SUMMARY OF SIGNIFICA_3

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Basis of Consolidation (Policies)	6 Months Ended
	Jun. 30, 2020
Policies
Basis of Consolidation	The accompanying unaudited condensed consolidated financial statements include the accounts of 20/20 Global, Inc. and our wholly owned subsidiary. All significant intercompany balances and transactions have been eliminated in these consolidated financial statements.

NOTE 2 - SUMMARY OF SIGNIFICA_4

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Use of Estimates (Policies)	6 Months Ended
	Jun. 30, 2020
Policies
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. Our financial statements include, when applicable, disclosures of estimates, assumptions, uncertainties, and markets that could affect our financial statements and future operations.

NOTE 2 - SUMMARY OF SIGNIFICA_5

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Cash and Cash Equivalents (Policies)	6 Months Ended
	Jun. 30, 2020
Policies
Cash and Cash Equivalents	Cash and Cash Equivalents We consider all highly liquid investments with original maturities of less than three months that are readily convertible to known amounts of cash and which, in the opinion of management, are subject to an insignificant risk of loss in value, to be cash equivalents.

NOTE 2 - SUMMARY OF SIGNIFICA_6

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Accounts Receivable and Doubtful Accounts (Policies)	6 Months Ended
	Jun. 30, 2020
Policies
Accounts Receivable and Doubtful Accounts	Accounts Receivable and Doubtful Accounts Accounts receivable is stated at invoice value, which is net of any off-invoice promotions. A provision for doubtful accounts is recorded and based upon an assessment of credit risk within the accounts receivable portfolio, experience of delinquencies and charge-offs, and current market conditions. Management believes these provisions are adequate based upon the relevant information presently available. The allowance provided for the six months ended June 30, 2020, and for the year ended December 31, 2019, was $0 and $0, respectively. The write-offs for the three and six months ended June 30, 2020 and 2019, were $0 and $0, respectively.

NOTE 2 - SUMMARY OF SIGNIFICA_7

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Revenue Recognition (Policies)	6 Months Ended
	Jun. 30, 2020
Policies
Revenue Recognition	Revenue Recognition We recognize revenue in accordance with Financial Accounting Standards Board (“FASB”), Accounting Standards Codification (“ASC”) Topic 606, Revenue from Contracts with Customers We only apply the five-step model to contracts when it is probable that we will collect the consideration to which we are entitled in exchange for the goods or services we transfer to our customer. Once a contract is determined to be within the scope of ASC Topic 606, at contract inception we review the contract to determine which performance obligations we must deliver and which of these performance obligations are distinct. We recognize as revenues the amount of the transaction price that is allocated to the respective performance obligation when the performance obligation is satisfied or as it is satisfied. Generally, our performance obligations are transferred to customers at a point in time, typically upon delivery. Our shipping terms typically specify FOB origination, at which time title and risk of loss have passed on to the customer as well as shipping and handling fees. Shipping and handling costs and fees are treated as a delivered load. On a delivered load versus an FOB load, we actually take the billing and pay the carriers. We contract with the carrier and, therefore, handle the shipping and handling charges and treat it as a “delivered sale.” For the three and six months ended June 30, 2020 and 2019, all sales and accounts receivable have been reclassified to discontinued operations.

NOTE 2 - SUMMARY OF SIGNIFICA_8

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Fair Value of Financial Instruments (Policies)	6 Months Ended
	Jun. 30, 2020
Policies
Fair Value of Financial Instruments	Recent Accounting Pronouncements We have reviewed recently issued accounting pronouncements and plan to adopt those that are applicable to us. We do not expect the adoption of any pronouncements to have an impact on our results of operations or financial position.

NOTE 7 - DISCONTINUED OPERATI_2

NOTE 7 - DISCONTINUED OPERATIONS: Schedule of Discontinued Operations - Assets (Tables)	6 Months Ended
	Jun. 30, 2020
Tables/Schedules
Schedule of Discontinued Operations - Assets	June 30, 2020 December 31, 2019 Current Assets of Discontinued Operations: Cash $ 500,000 $ 500,000 Accounts receivable - 446,715 Total Current Assets of Discontinued Operations: $ 500,000 $ 946,715 Current Liabilities of Discontinued Operations: Accounts payable $ - $ 489,863 Accrual - 17,400 Total Current Liabilities of Discontinued Operations: $ - $ 507,263

NOTE 7 - DISCONTINUED OPERATI_3

NOTE 7 - DISCONTINUED OPERATIONS: Schedule of Discontinued Operations - Income (Tables)	6 Months Ended
	Jun. 30, 2020
Tables/Schedules
Schedule of Discontinued Operations - Income	For the Three Months For the Six Months Ended June 30, Ended June 30, 2020 2019 2020 2019 Revenues of discontinued operations $ (36) $ 3,907,731 $ (1,417) $ 6,855,127 Cost of revenues of discontinued operations 36 3,744,773 243 6,523,688 Gross profit of discontinued operations - 162,958 (1,174) 331,439 Operating expenses of discontinued operations: General and administration expenses (5,408) 41,154 2,447 79,528 Business development - 20,134 - 41,526 Salaries and wages 24,246 58,986 47,181 104,855 Sales/marketing expense - 4,842 - 17,687 Total operating expenses of discontinued operations 18,838 125,116 49,628 243,596 Operating (loss) income from discontinued operations (18,838) 37,842 (50,802) 87,843 Other income of discontinued operations: Other (expense) income (15,483) 23,078 (3,844) 24,627 Net (loss) income from discontinued operations before provision for income tax (34,321) 60,920 (54,646) 112,470 Provision for income tax expense from discontinued operations - - - - Net (loss) income from discontinued operations $ (34,321) $ 60,920 $ (54,646) $ 112,470

NOTE 7 - DISCONTINUED OPERATI_4

NOTE 7 - DISCONTINUED OPERATIONS: Schedule of Discontinued Operations - Cash flows (Tables)	6 Months Ended
	Jun. 30, 2020
Tables/Schedules
Schedule of Discontinued Operations - Cash flows	For the Six Months Ended June 30, 2020 2019 Net (loss) income from discontinued operations, net of tax $ (54,646) $ 112,470 Changes in assets and liabilities: Accounts receivable 446,715 (619,391) Inventory - 3,712 Accounts payable and accrued liabilities (507,675) 633,162 Net cash provided by discontinued operations $ (115,196) $ 129,953

NOTE 1 - ORGANIZATION AND DES_2

NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS (Details)	Mar. 15, 2014
2020 Produce Sales Inc
Equity Method Investment, Ownership Percentage	100.00%

NOTE 2 - SUMMARY OF SIGNIFICA_9

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Accounts Receivable and Doubtful Accounts (Details) - USD ($)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Details
Accounts Receivable, Allowance for Credit Loss	$ 0		$ 0
Accounts Receivable, Allowance for Credit Loss, Writeoff	$ 0	$ 0

NOTE 3 - GOING CONCERN (Details

NOTE 3 - GOING CONCERN (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Details
Net loss from continuing operations	$ 37,279	$ 21,583	$ 59,572	$ 58,677

NOTE 4 - RELATED-PARTY TRANSA_2

NOTE 4 - RELATED-PARTY TRANSACTIONS (Details) - Whistling Pete Enterprises - USD ($)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Lessee, Finance Lease, Lease Not yet Commenced, Variable Lease Payment, Terms and Conditions	The lease, which commenced on March 2, 2009, presently is a year to year lease, and we currently pay $1,200 per month plus utilities. Whistling Pete Enterprises is owned 50% by Mark Williams, our president.
Payments for Leasing Costs	$ 7,438	$ 8,139

NOTE 5 - EMPLOYER IRA PLAN (Det

NOTE 5 - EMPLOYER IRA PLAN (Details) - Premier Select Simple IRA Plan - USD ($)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Description of Postemployment Benefits	We contribute 2% of compensation, not to exceed certain limits, for employees who participate in the IRA Plan.
IRA Plan expense	$ 0	$ 2,704

NOTE 6 - LEGAL PROCEEDING (Deta

NOTE 6 - LEGAL PROCEEDING (Details)	6 Months Ended
	Jun. 30, 2020USD ($)
Details
Repayments of Other Debt	$ 40,000

NOTE 7 - DISCONTINUED OPERATI_5

NOTE 7 - DISCONTINUED OPERATIONS: Schedule of Discontinued Operations - Assets (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Current Assets of Discontinued Operations:
Cash	$ 500,000	$ 500,000
Accounts receivable	0	446,715
Total Current Assets of Discontinued Operations:	500,000	946,715
Current Liabilities of Discontinued Operations
Accounts payable	0	489,863
Accrual	0	17,400
Total Current Liabilities of Discontinued Operations:	$ 0	$ 507,263

NOTE 7 - DISCONTINUED OPERATI_6

NOTE 7 - DISCONTINUED OPERATIONS: Schedule of Discontinued Operations - Income (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Details
Revenue of discontinued operations	$ (36)	$ 3,907,731	$ (1,417)	$ 6,855,127
Cost of revenues of discontinued operations	36	3,744,773	243	6,523,688
Gross profit of discontinued operations	0	162,958	(1,174)	331,439
Operating Expenses of Discontinued Operations
General and administration expenses	(5,408)	41,154	2,447	79,528
Business development	0	20,134	0	41,526
Salaries and wages	24,246	58,986	47,181	104,855
Sales/marketing expense	0	4,842	0	17,687
Total operating expense of discontinued operations	18,838	125,116	49,628	243,596
Operating income from discontinued operations	(18,838)	37,842	(50,802)	87,843
Other Income of Discontinued Operations
Other income	(15,483)	23,078	(3,844)	24,627
Net (loss) income from discontinued operations before provision for income tax	(34,321)	60,920	(54,646)	112,470
Provision for income tax expense from discontinued operations	0	0	0	0
Net (loss) income from discontinued operations	$ (34,321)	$ 60,920	$ (54,646)	$ 112,470

NOTE 7 - DISCONTINUED OPERATI_7

NOTE 7 - DISCONTINUED OPERATIONS: Schedule of Discontinued Operations - Cash flows (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Details
Net (loss) income from discontinued operations, net of tax	$ (34,321)	$ 60,920	$ (54,646)	$ 112,470
Changes in assets and liabilities
Accounts receivable			446,715	(619,391)
Inventory			0	3,712
Accounts payable and accrued liabilities			(507,675)	633,162
Net cash provided by discontinued operations			$ (115,196)	$ 129,953